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News Updates

10 Easy Tips for Avoiding Fees

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Ahead of the upcoming changes to our Fees and Charges in September, we would like to remind our members how to proactively benefit from our Member Loyalty Program and avoid fees and charges by choosing our FEE FREE options instead!


  • Tip 1: Use your VISA card to pay for goods and services. Specify that you wish to pay by VISA, press ‘CR’ and enter your PIN.
  • Tip 2: Use Paywave for small purchases on the go! It’s faster and it’s free.
  • Tip 3: Pay bills by BPAY® or by telephone using your VISA card.
  • Tip 4: Pay your regular payments by direct debit.
  • Tip 5: Use Internet banking to set up and amend periodical payments, check balances and transfer funds.
  • Tip 6: Choose ATM’s provided by major Australian Banks. ANZ, NAB, CBA and Westpac are fee free ATM’s, when operating within the Member Loyalty program transaction limits.
  • Tip 7: If you’re withdrawing cash at an ATM, think ahead and draw out enough for future needs.
  • Tip 8: When purchasing goods by EFTPOS, ask for extra cash at the same time – it will only count as one transaction.
  • Tip 9: Avoid paying dishonour fees or transfer fees, by making sure you have sufficient cleared funds in your account before writing a cheque or a direct debit is due.
  • Tip 10: Increase your value tier within the Member Loyalty Program. Investigate our other savings accounts and loans – you’ll find them extremely competitive.


  Frequently Asked Questions

Q. What Fees and Charges are changing from September 1, 2019?

A. Our value tiers are changing. Please refer to the table below for new tiers to determine how many fee free transactions you can use.

Q. Will I still have fee free transactions?

A. As in the past, you have a number of free transactions. However, once you use more than your new fee free allocation per month, you will be charged for the number of excess transactions. The excess transaction charges are;

  Current NEW
ATM Excess Transaction (All ATM’S) $2.00 $1.00
Over The Counter Withdrawals $2.00 $2.00
Member Cheques $2.00 $2.00
Eftpos $2.00 $1.50

Example: If you have $10,000 in savings and a $10,000 car loan your total value would be $20,000. This would entitle you to a total of 12 free transactions (of any combination of the above types), before an excess transaction fee would be charged.


Q. Will I be charged a fee for depositing?

A. No, all deposits will remain fee free.


Q. I use Bank@Post, how will this affect me?

A. As of September 1 2019, you will be entitled to 2 free Bank@Post withdrawals per month. Bank@Post is no longer a part of the Member Loyalty Program and will not affect your free transactions within the Member Loyalty Program. All Bank@Post deposits will continue to be free. After the first 2 free withdrawals, all excess Bank@Post withdrawals will be charged at $3.50 each.


Q. I am under 18 years of age, how will the changes affect me.

A. As of September 1, 2019, all transactions covered under the member loyalty program, for members under the age of 18, will be fee free.


For more information, please refer to the following Macquarie Credit Union Disclosure Statements; Schedule of Fees and Charges, the Account and Access Facility Conditions of Use and the Summary of Accounts and Access Facilities.


Should you have any further queries regarding Macquarie Credit Union’s Fees and Charges. Please phone our friendly team on 1300 885 480 or email



Macquarie Credit Union Reduces Home Loan Interest Rates

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Macquarie Credit Union has today announced a further interest rate reduction of 0.10 % pa across our range of both owner occupied and investment variable rate home loans. This change will come into affect for existing loans as of 15th August 2019.


A number of considerations were carefully taken into account before reaching this decision. This included, maintaining competitive rates for our deposit and savings members, in particular retirees and those saving for their first home. At Macquarie Credit Union our focus is on providing a balance for all of our members, so that our rates remain competitive for both our depositors and borrowers.


Members who would like further information on this rate change are encouraged to contact the branch on 1300 885 480.


Term Deposit Savings Accounts and Transaction Account Interest Rate Changes

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Changes have been made to our Term Deposit, Savings Account and Transaction Account interest rates.


These will be effective as of Friday 26th July 2019. Please refer to our Interest rates schedule for further details.


Macquarie Credit Union April eNewsletter 2019

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Macquarie Credit Union April eNewsletter 2019

Read more: Macquarie Credit Union April eNewsletter 2019


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